Karnataka govt orders SIT probe into alleged fraud by investment firm

Bengaluru The Karnataka government has handed over to a Special Investigation Team the case relating to alleged fraud by an investment firm here affecting thousands of investors the chief ministers office said TuesdayHundreds of investors had thronged the I Monetary Advisory jewels store here Monday worried about their money after an audio clip surfaced with a person alleged to be its founder and managing director Mohammed Mansoor Khan heard saying he is going to commit suicide as he was fed up with corruptionAccording to reports police have received thousands of complaints against IMA jewels and Khan whose whereabouts are still not known from investors who are mainly vendors small businessmen and from the middle and lower middle class Considering the seriousness of the IMAJewels fraud the inquiry has been handed over to a special investigation team and instructions on this have been given to the DGP the Chief Minister of Karnatakas office tweetedConsidering the seriousness of the IMAJewels fraud the inquiry has been handed over to a special investigation team and instructions regarding this have been given to the DGPmdash CM of Karnataka CMofKarnataka June 11 2019Kumaraswamy earlier held discussions with State Home minister M B Patil and issued instructions to dispose the case at the earliest and ensure action against the guiltyEarlier in the day a delegation of Muslim leaders of the Congress including minorities welfare minister Zameer Ahmed Khan met the chief minister and Home minister and urged them to hand over the case to the SIT Met and gave submission to Honorable Chief Minister of Karnataka Shri hd_kumaraswamy regarding taking stern action against IMA Jewels on behalf of victims Khan tweetedMet And Gave the Submission to Home Minister Of Karnataka Shri MB Patil ji Regarding taking sterm action against IMA Jewels on Behalf of Victims in the Supervision of Me Along with MLA Janab mlanaharis MLC Janab Naseer Ahmed MLC Janab Abdul Jabbar MLC Janab ArshadRizwan pictwittercomLVs9ypLwmRmdash BZ Zameer Ahmed Khan BZZameerAhmed June 11 2019Speaking to reporters after meeting Patil Khan said There are many poor people who had invested for marriage education to construct house among other thingswe have asked for SIT investigation Seeking confiscation of the owners properties and wealth he said action should be taken against whoever is involved or behind this and however powerful they areif SIT cant let them give it to CBI then State BJP chief B S Yeddyurappa too demanded that the owner be found immediately and necessary action taken so that people who had invested get back their moneyMeanwhile the case also led to a twitter war between the BJP and Kumaraswamy as the saffron party tweeted a picture of him along with Mohammed Mansoor Khan amp when I eat you too eat is a way of life in JanataDal_S frauds like Mohammed Mansoor Khan tend to eat loot amp scoot Btw hd_kumaraswamys biryani day with frauds speaks a lot about acceptance Must be tough acknowledging it Isnt it Karnataka BJP tweeted with the pictureReacting to this Kumaraswamy in a tweet said Its sad BJP4Karnataka stoops low again to misguide anddemean by using an old picture out of contextThis has always been the BJP troll strategy IMAfraud is a serious issue and the culprits will be punished Responding BJP said Good to know you have known this fraud for a long time Should help you catch him soon Your job is to catch the fraudster amp not cry victim on Twitter Get your priorities rightIn the audio that has caused panic among investors the person allegedly Khan is heardaddressing police that he was committing suicide as he was fed up with corruption in the state and central government He is also heard accusing central and state officials of harassing him compelling him to take the extreme step He also asks the police to sell all his wealth and jewellery to pay investors and is heard accusing a politician of taking Rs 400 crore from him and not returning it Meanwhile another audio clip purportedly of Khan has surfaced in which he can be heard claiming to be in the city itself and promising to pay back all the investorsIm in Bangalore itself There is a conspiracy to drive me away by big big peopleI will pay back people from whom I have taken money I have all the money I have got from people into diamonds properties and jewelleriesby 15 June I will make the payments clear to every one First small then medium and thereafter big investors he saidCatch up on all the latest Crime National International and Hatke news here Also download the new midday Android and iOS apps to get the latest updates